Resolution - #00-08-196 - 08/08/2000

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• • Council member Zimmerman introduced the following resolution and moved for its adoption: RESOLUTION #00 -08 -196 RESOLUTION AUTHORIZING ACQUISITION OF PROPERTY FOR INDUSTRIAL PARK DEVELOPMENT PURPOSES WHEREAS, by its Resolution No. 00 -06 -162 adopted on June 27, 2000, the City approved the acquisition of certain real property by eminent domain for industrial park purposes; and WHEREAS, said Resolution No.00 -06 -162 identified the real property to be acquired by the use of Anoka County Property Identification Numbers ( "PINs ") and subsequently the City has determined that the PINs used were inaccurate in said Resolution and has determined that an amended resolution needs to be adopted accurately reflecting the proper PINs and legal descriptions of the property to be acquired and it is for this purpose that this amended resolution is adopted; and WHEREAS, the City of Ramsey (the "City ") has previously developed land within the City for industrial development purposes known as industrial parks; and WHEREAS, the City has previously directed staff to negotiate for the acquisition of an approximate 55.8 -acre tract of land within the City known as the Makens Property; and WHEREAS, the direct negotiation and purchase of the Makens Property has to date not been successful; and WHEREAS, the City desires to acquire additional land for industrial park purposes; and WHEREAS, industrial park development encourages economic development by creating jobs in the City and increases property values; and WHEREAS, the City's current industrial parks are nearly fully developed with few remaining sites available for development; and WHEREAS, the City has an interest in developing industrial parks in order to attract industrial development by offering managed site control; and WHEREAS, site control allows the City to focus on quality development and manage growth development both of which are in the public interest and contribute to attracting industrial development to the City; and WHEREAS, industrial park development allows for diversification of property tax dollars which reduces the property tax demand on residential properties; and WHEREAS, it is more difficult for the private sector to develop an industrial park than it is the public sector because of the large holding costs related to this type of development; and WHEREAS, the City continues to receive numerous inquiries about the availability of quality industrial sites within the City; and RESOLUTION # 00 -06 -196 Page 1 of 5